Patton Fund Management Inc. Purchases Shares of 8,873 Zebra Technologies Corporation (NASDAQ:ZBRA)

Patton Fund Management Inc. bought a new position in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,873 shares of the industrial products company's stock, valued at approximately $2,507,000.

Other hedge funds also recently made changes to their positions in the company. Creative Financial Designs Inc. ADV raised its holdings in Zebra Technologies by 102.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock worth $27,000 after purchasing an additional 36 shares in the last quarter. Investment Management Corp VA ADV acquired a new position in Zebra Technologies during the 4th quarter worth approximately $27,000. Sierra Ocean LLC purchased a new position in shares of Zebra Technologies during the 4th quarter worth approximately $28,000. Picton Mahoney Asset Management acquired a new stake in shares of Zebra Technologies in the 4th quarter valued at approximately $31,000. Finally, Avalon Trust Co acquired a new stake in shares of Zebra Technologies in the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds own 91.03% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ZBRA. Morgan Stanley increased their price objective on Zebra Technologies from $245.00 to $280.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 28th. Barclays cut their price target on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. UBS Group reduced their price objective on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Truist Financial lowered their target price on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th. Finally, Wall Street Zen downgraded shares of Zebra Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $331.20.

Zebra Technologies Price Performance

ZBRA traded up $2.31 during midday trading on Friday, reaching $294.04. 777,857 shares of the company's stock were exchanged, compared to its average volume of 473,617. Zebra Technologies Corporation has a 1-year low of $205.73 and a 1-year high of $427.76. The stock has a market capitalization of $14.95 billion, a PE ratio of 27.82 and a beta of 1.75. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.45 and a quick ratio of 1.02. The business's 50-day moving average price is $271.58 and its 200 day moving average price is $319.62.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.60 by $0.42. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Zebra Technologies had a return on equity of 18.77% and a net margin of 10.73%. The company's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.84 EPS. As a group, equities analysts anticipate that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

Zebra Technologies Profile

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.